Local insurers have been trying to lift premiums for the last couple of years. Fortunately, there are new players keen to get into the market. Some of them are world-wide brands with super strong balance sheets. We work with two very knowledgeable brokers who know the market. We recently took over the management of a commercial strata building where we HALVED the insurance premium they were paying. As the previous premium was more than $200,000, they were pretty happy with this result! The golden rule is to deal with people who are experienced and get quotations. When it comes to insurance, there's no reward for loyalty!